|Day's range||2.0740 - 2.2410|
By Barani Krishnan
Unfortunately, energy is one of the sectors that have historically been hammered the most whenever the economy ails, and severe economic downturns have had a detrimental impact on oil markets throughout history
U.S. natural gas prices fell 4% Thursday, reaching once again for a test of the critical $2 support, after weekly draw numbers for the fuel from storage turned out to be smaller than thought. Utilities pulled 47 billion cubic feet of natural gas from storage for heating and electricity generation last week, lower than the 54 bcf anticipated by industry analysts, the Energy Information Administration, or EIA, said. The weaker-than-forecast withdrawal left 1.853 trillion cubic feet, or tcf, of gas in U.S. inventory, the EIA said in its report on gas storage balance for the week ended March 24.